The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following – Civilsdaily

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The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

(a)

State Bank of India

(b)

Reserve Bank of India

(c)

ICICI Bank

(d)

Life Insurance Corporation of India

Correct Answer

(b)

Explanation

The National Housing Bank is a wholly-owned subsidiary of the Reserve Bank of India.